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Unit 1, 68 George Street, Launceston, Tas 7250

Unit 1, 68 George Street, Launceston, Tas 7250

Retail

  • Sold Contact Agent
  • Mon 29-Jun-20

  • Land Area
  • 103.00 m² (approx)
  • Floor Area
  • 103 m²
  • Tenure Type
  • Tenanted Investment
  • Last Updated
  • Jul 03, 2020

Interested in this property? Contact an Agent today

Knight Frank - Launceston

54 Cameron Street

Launceston Tas 7250

Charles Black, Knight Frank - Launceston
Charles Black

"Set and Forget" Investment Opportunity

Situated in Launceston's main food/cafe precinct of George Street, the property is situated next door to "The Black Cow" being one of the city's premier restaurants.

The property is a Ground Floor Strata Title of some 113 sqm. The Title has a unit entitlement of 60 of 100 Units providing a controlling interest.The other strata is a first floor FF apartment.

The ground floor of approx 103 sqm is currently occupied by a food franchise business Bento, who provides both takeaway and in-house dining.

The property is leased until 3rd Feb 2024 + 2 x 5 year options. Current net rent is approx $30,160 pa + GST + Outgoings with annual CPI increases.

Unit 1, 68 George Street, Launceston, Tas 7250

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